#1
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getting a loan out on your 401K
I was wondering what everyone's overall thoughts were on getting a loan on an 401K.
I was thinking about getting a loan out on my 401K for 11K and paying off a credit debt, then switching my other 4K in debt to an interest free CC for such and such amount of time. The 11K would be paid back through a standard payroll deduction at around 240.00 a month for 5 years. What are everyone's thoughts on this subject. |
#2
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Re: getting a loan out on your 401K
You might have more luck in the F&I forum.
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